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Old 04-05-2020, 08:47 AM
 
2,278 posts, read 1,567,499 times
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Quote:
Originally Posted by Rocko20 View Post
Agreed. The solution is very simple, allow low risk people to stop being caged inside their own homes as long as they have a cloth mask and isolate the elder and obese population. An economic collapse is going to do way more damage than this virus.

We won’t have a vaccine for atleast until next year, China, Russia, and NK will never reveal their true numbers so it looks like we’ll just be stuck with the virus for a while. Oh, and China won’t stop eating wild animals or closing their wild animal markets either.

The notion that civilization can just “wait it out” in fear is the most asinine thing we’ve ever did. Did we forget there’s still billions of people alive who need to work for a living and actually want to live life outside their house?
I agree. Now you have scientists saying the virus may live on the coastal waters too.
It's a yahoo article so the source may not be all too reliable.


What this means is it can blow through the air. how far they did not say.
So it can live on trees, grass, basically anything external of your home. Once you set foot outside,it could be on your clothing, shoes, car door handles. If you have a pet that is outside and comes in and plays with the kids, jumps on your bed sofa, etc. The virus is now inside your home. And your at-risk people who sheltered-in-place could now still be infected and closer to a serious illness or die.


I agree with the advice of Fauci and stay at home for weeks but at some point no matter all the precautions we take, nature is stronger than us and will run its course. We need to allow "not at risk" people to work & live yet still practice the proper precautions for riskier people they may come in contact with.

Last edited by frankrj; 04-05-2020 at 09:11 AM..
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Old 04-05-2020, 11:12 AM
 
Location: Riverside Ca
22,146 posts, read 33,347,480 times
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Quote:
Originally Posted by Therblig View Post
Correct. And a consumer economy that is largely service-based requires a subset of people with money in their pocket to keep hiring those services.

See why it's going to be a cascade?
So by your estimation we’re days away from total world anarchy.
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Old 04-05-2020, 11:15 AM
 
3,346 posts, read 2,175,547 times
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Quote:
Originally Posted by Electrician4you View Post
So by your estimation we’re days away from total world anarchy.
I didn't say that.

I did say - and have said, for quite some time - that the US employment situation is the next thing to a Potemkin world and we are on the cusp of the illusion collapsing.

If 'real' jobs decline much further, there won't be the collective spare income to fuel the bloated service sector that's masked the forty-year decline.

This crisis has kicked that set of circumstances several years closer.
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Old 04-05-2020, 11:59 AM
 
Location: NYC
20,550 posts, read 17,582,450 times
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The government around the world must figure a way to hold loan obligations from the top and put a pause on them. Until the economy can resume back to normal.
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Old 04-05-2020, 12:00 PM
 
28,107 posts, read 63,501,261 times
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Quote:
Originally Posted by Serious Conversation View Post
I think it could easily be that high - maybe more.

Where I am, the problems have cascaded well beyond the leisure and hospitality sector. My ex works at a bank. She's laid off. The bank my mom worked at is also laying off. What's this going to do to car dealerships, real estate sales, etc.?

All those people are going to have trouble down the line.
It's already here...

The value of commercial property in the Hotel/Hospitality Sector has been wiped out.

This is one world wide reset as has never before been seen.

Lower Home Values might be desired but the values are lower because they are worth less... so who does that really help?
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Old 04-05-2020, 12:39 PM
 
Location: The Triad
34,090 posts, read 82,666,754 times
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Quote:
Originally Posted by Ultrarunner View Post
Lower Home Values might be desired but the values are lower because they are worth less...
so who does that really help?
It'll help buyers who can afford a sensible price to income ratio (in the 2-2.5X range).
And it will help everyone willing to pay a sensible portion of their net income for housing costs...
but not more.
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Old 04-05-2020, 01:10 PM
 
3,346 posts, read 2,175,547 times
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Quote:
Originally Posted by MrRational View Post
It'll help buyers who can afford a sensible price to income ratio (in the 2-2.5X range).
And it will help everyone willing to pay a sensible portion of their net income for housing costs...
but not more.
Ass/u/ming no parallel drop in real income or increase in mortgage qualifications. Things like national RE depressions don't happen in a vacuum.

All investor/landlord/profiteers with bank to spend on collapsed properties thanked and excused, of course.
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Old 04-05-2020, 01:29 PM
 
Location: Oregon, formerly Texas
10,022 posts, read 7,176,762 times
Reputation: 17121
Quote:
Originally Posted by Electrician4you View Post
Yeah.....cut back on some of my spending for now. We pushed back buying a car. But it’s for maybe a few months not forever. And if people are employed they are spending money on basics and barely anything else. Also there are companies on a hiring run.

So.....what do you think is gonna happen when everything that was closed open back up? You ever hear of pent up demand? Lots of people are still working and will have money to spend . People are still gonna need to buy things like cars, clothes, etc. People assume because a percentage of people are out of work nobody has money.
What money? This is going to be a recession that gets up to 10% unemployment, minimum.
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Old 04-05-2020, 02:23 PM
 
Location: The Triad
34,090 posts, read 82,666,754 times
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Quote:
Originally Posted by Therblig View Post
Ass/u/ming no parallel drop in real income...
Well... that's rather the point isn't it?
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Old 04-05-2020, 02:42 PM
 
28,107 posts, read 63,501,261 times
Reputation: 23226
Quote:
Originally Posted by MrRational View Post
It'll help buyers who can afford a sensible price to income ratio (in the 2-2.5X range).
And it will help everyone willing to pay a sensible portion of their net income for housing costs...
but not more.
If the masses have the income then sure...

Last go around when homes in my city fell as much as 80%... it was not the masses buying... it was speculators with cash on the steps of court house...

I signaled to colleagues this was buy opportunity of a generation and only one single Mom RN jumped in... much to the criticism of even her own parents questioning her foolish move when people were simply abandoning property.

She was rational... said she penciled it out and could swing it and 10 years later doing very well... and the rent for the apartment she left is now more than her mortgage and taxes...
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